Entry: 0.59331
Stop Loss: 22.3 pips
Take Profit: 50.4 pips
NZDUSD has reacted from the premium zone after forming a clear change of character. Price tapped into the supply area sitting above the weak high and immediately rejected, signaling exhaustion in the recent bullish corrective move.
The short entry aligns with the retest of the mitigation zone, where sellers previously stepped in with strong displacement. The stop loss is positioned safely above the rejection wick to avoid noise from liquidity sweeps. The take profit targets the discount zone, where demand previously created a strong push upward—this offers a clean 1:2.2 risk-to-reward ratio.
As long as price continues to trade below the premium and maintains bearish order flow from the rejection, the expectation is for a continuation move back into the deeper discount levels.
disclaimer: For educational purpose only.
Stop Loss: 22.3 pips
Take Profit: 50.4 pips
NZDUSD has reacted from the premium zone after forming a clear change of character. Price tapped into the supply area sitting above the weak high and immediately rejected, signaling exhaustion in the recent bullish corrective move.
The short entry aligns with the retest of the mitigation zone, where sellers previously stepped in with strong displacement. The stop loss is positioned safely above the rejection wick to avoid noise from liquidity sweeps. The take profit targets the discount zone, where demand previously created a strong push upward—this offers a clean 1:2.2 risk-to-reward ratio.
As long as price continues to trade below the premium and maintains bearish order flow from the rejection, the expectation is for a continuation move back into the deeper discount levels.
disclaimer: For educational purpose only.
Trade closed: stop reached
a big fv gap was there on the top of liquidity sweep.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.